This is my Weekly analysis on EURUSD for 18-22 Mar 2024 W12 based on Smart Money Concept (SMC) which includes the following Time Frames:

  1. Weekly
  2. Daily
  3. 4H
  4. Economic Events

Weekly Chart Analysis


1.

  • Swing Bearish
  • Internal Bearish
  • Reached Swing EQ
  • Swing Continuation (Pro Swing + Pro Internal)

2.

  • After the Bearish iBOS we confirmed that the Swing Pullback is over and we will target the Weak Swing Low.

3.

  • Price had reached the Bearish INT Structure extreme and initiated the Bearish Internal Structure Continuation.
  • Expectation is to continue bearish and target he Weak INT Low.

Daily Chart Analysis


1.

  • Swing Bearish
  • INT Bearish
  • Swing Continuation / INT Pullback

2.

  • After the Bearish iBOS we confirmed that the Swing Pullback is over and we are expecting price to target the Weak Swing Low.
  • Also after iBOS we expected a pullback which we are currently in.

3.

  • Price didn’t reach a HP POI to continue down, but price seems to be reacting from the Liq on the left.
  • In order for me to consider that the INT Structure Pullback is over, i need to see at least a Bearish CHoCH. So will be watching the Daily Demand Zone for possible continuation up to target he HP POI (Daily/Weekly Supply) or a Bearish CHoCH for me to start looking for Shorts to target the Weak INT Low.

4.

  • Daily and Weekly demand zones for reactions once reached.

4H Chart Analysis


1.

  • Swing Bearish
  • INT Bullish / Continuation Phase
  • Swing Pullback Phase

2.

  • After a BOS and iBOS we expect a Pullback.
  • As expected after the Bullish CHoCH and mitigation of 4H/Daily Demand zones, we initiated the INT Structure Pullback.
  • Price reached the 4H/Daily Supply and from there we could start the bearish continuation.
  • Price failed to continue the bearish move and as expected it changed bullish and created iBOS confirming Swing Low and Bearish Swing Pullback Phase started.

3.

  • 4H Swing pullback phase still active with Internal Structure continuing bullish with a new iBOS.
  • After iBOS we expect a pullback. Price had reached the INT Structure Demand zone and created a Bullish CHoCH which indicates that the INT Pullback maybe over and we are currently targeting the Weak INT High. after which price failed to target the Weak INT High.
  • Current price indicate that we will have a deep 4H INT Pullback to maybe the 4H/Daily Demand zones before any continuation.

Economic Events for the Week

Link to Tradingview Post: https://www.tradingview.com/chart/EURUSD/JAKaMurK-EURUSD-18-22-Mar-2024-W12-Weekly-Analysis-US-Rates-FOMC/

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